Rent Control’s Rocky Waters: NMHC

Rent Control’s Rocky Waters: NMHC

Image by Tumisu via pixabay Affordability is facing the perfect storm, Vice President of Advocacy and Strategic Communications at the National Multifamily Housing Council, Jim Lapides, said at the final day of the 2023 Annual NMHC Conference. Contributing to the...
San Diego Affordable Community Breaks Ground

San Diego Affordable Community Breaks Ground

8181 Allison. Image courtesy of USA Properties Fund USA Properties Fund has broken ground on 8181 Allison, a 147-unit affordable community in La Mesa, Calif. Completion is slated for the last quarter of 2024. The City of La Mesa, KeyBank, California Housing Finance...
NY Secures $390M for Affordable Housing

NY Secures $390M for Affordable Housing

The New York State Capitol building. Image by jensjunge via Pixabay New York State Gov. Kathy Hochul has announced that the state has been awarded more than $390 million in bonds and subsidies for the construction and preservation of over 1,600 affordable apartment...
O.Z. Navigator Secures $112M Loan for Seattle Project

O.Z. Navigator Secures $112M Loan for Seattle Project

900 Rainier. Rendering courtesy of Northmarq Borrower O.Z. Navigator has obtained a $112 million construction loan to develop 900 Rainier, a mixed-income apartment community intended to meet some of the affordable housing challenges of Seattle, Wash. The eight-story...
New York Affordable Portfolio Secures $120M Loan

New York Affordable Portfolio Secures $120M Loan

Rendering of the rehabilitated Thurgood Marshall Plaza. Image courtesy of Walker & Dunlop A three-building, fully affordable portfolio in Manhattan, N.Y.’s Harlem neighborhood landed $120 million in financing, to be used for the rehabilitation of the...
LA Hotel to Become Affordable Housing

LA Hotel to Become Affordable Housing

Image by Dillon Shook via Unsplash.com The AiDS Healthcare Foundation has acquired a 62-unit hotel in downtown Los Angeles for $6.7 million. Leland Hotel will be transformed into affordable housing for the homeless and extremely low-income residents. Previously known...
Downtown Seattle Welcomes First UNIQLO Store,

Downtown Seattle Welcomes First UNIQLO Store,

Global retailer UNIQLO will open its first store in downtown Seattle on November 18th at the URG and KKR-owned 300 Pine St. building in the heart of the city’s retail core. The new ground floor, 12,000-square-foot location will be UNIQLO’s anchor outlet in Seattle,...
The Hispanic Retail Market Can No Longer Be Ignored,

The Hispanic Retail Market Can No Longer Be Ignored,

The Hispanic retail market was a topic for a panel discussion at Connect Retail West 2022, a one-day conference at the Luxe Sunset Boulevard Hotel in Los Angeles, Wednesday, November 9. The panel, which was moderated by Michelle R. Lagos, an associate at Allen...
Bella Terra Gets Approval for 300 New Apartments,

Bella Terra Gets Approval for 300 New Apartments,

The Bella Terra mixed-use development in Huntington Beach, CA has earned the city’s approval to add 300 apartments to the project by 2026. According to the Orange County Register, owners PGIM and DJM Capital will knock down the Burlington Coat Factory store and build...
Bella Terra Gets Approval for 300 New Apartments,

Bella Terra Gets Approval for 300 New Apartments,

The Bella Terra mixed-use development in Huntington Beach, CA has earned the city’s approval to add 300 apartments to the project by 2026. According to the Orange County Register, owners PGIM and DJM Capital will knock down the Burlington Coat Factory store and build...
Houston Billionaire Buys SoCal’s Montage Resort

Houston Billionaire Buys SoCal’s Montage Resort

Houston billionaire Tilman Fertitta has bought the 260-room ocean-view Montage Laguna Beach hotel in coastal Orange County for roughly $650 million. The price is believed to be one of the highest prices ever paid for a California hotel. In 2018, he built the Post Oak...
CarSquad On Way to Katy,

CarSquad On Way to Katy,

Off Lease Only, a pre-owned car dealership group in Florida (see picture), is expanding into Texas. They’re calling their Texas entry, CarSquad. CarSquad’s first flagship store is slated to open in early 2023, in Katy. CarSquad’s site area covers 15...
Summit Buys 90% Interest in Texas Glamping Operator

Summit Buys 90% Interest in Texas Glamping Operator

Summit Hotel Properties REIT acquired a glamping asset, an 11 unit property in Fredericksburg, Texas, in the middle of the Texas Hill Country wine region. Summit’s 90/10 acquisition of Onera, a high-end glamping company, signals the company’s interest in...
Hines Building Business Park Near Austin Samsung Plant

Hines Building Business Park Near Austin Samsung Plant

Hines has formed a joint venture with The Galesi Group (Galesi) to develop a Class-A industrial and logistics park. The venture is located two miles from the Samsung Austin Semiconductor plant, less than one mile from SH 130, and less than 10 miles from downtown...